But shouldn't we look at the SP being actively used for upvoting? Let's assume the whole 169mln is not being used to upvote, then the bots control 100% of the upvotes.
Is the full 169mln used for upvoting?
Including the 48mln from Steemit?
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Oh wow youre very correct here, we are totally forgetting how many SP Whales don't even use their upvote... many of them actually dont even use nearly a fraction of their vote power.... Just like witness votes which are basically only being voted on by a minority of steempower stake holders and its very interesting how many large stale holders dont vote for witness and how many of them don't even care to earn off their SP, many are just wealthy BTC whales with much more BTC than STeem, they all collectively buy more steem during the bull runs, theyre the ones buying up more stake with their extra bitcoin. SO anyway I do see this as an important point, many users who actually have a large stake don't even use their SP to earn off of it!
The answer to your question is above 20% according to some pretty good estimation.
https://steemdb.com/labs/rshares?date=2018-06-20
Thanks!
I counted the top50 and that's about 22.5%. That's close to the 26% I calculated based on different analysis. The 3.5% difference is explained by all the small bots outside the top50 and of course timing/daily differences.
https://steemit.com/steemit/@crypto-econom1st/re-themarkymark-how-much-sp-in-tied-up-in-bid-bots-20180628t211333908z
Btw, guess who I saw on spot 50 😀
Sigh. this the only relevant number. It's pretty dishonest to be peddling anything else. And yeah. TOO DAMN MUCH. (then again I think anything more than 0% is too much LOL)